"Wire fraud — when a fraudster siphons money from the buyer at some point in the transaction — and title fraud — in which a scammer transfers a the title of a property to an illicit third party — have also spiked.
Transactions where wire and title fraud were a risk factor notched an all-time-high in the fourth quarter of 2022, according to data from FundingShield, with a little over half of all transactions bearing potential signs of wire and title fraud risk. That's nearly double the risk of this kind of fraud seen in 2021, FundingShield told Insider."
Although I will say we can't discount the inherent risk that comes with RON being approved. I, personally, won't touch it and would not allow any of my transactions to be done remotely by a remote notary.
As for CA - Susan/CA, search here for Matt Miller. Don't quote me on it but I thought RON in CA was a done deal and would begin 7/1/2023. I may be off on this but I thought that was posted. |